UBS to Pay $511 Million to Settle Credit Suisse U.S. Tax Case 
 

The Swiss bank, which acquired Credit Suisse in 2023, settled the probe into violations of an agreement with the DOJ over American clients who evaded taxes.

 
Philips Cuts Earnings Margin Target On China-U.S. Trade War 
 

The health-technology group posted lower first-quarter sales and earnings as its CEO said it was particularly hit by trade tariffs imposed between both countries.

 
DoorDash Buys Deliveroo for $3.86 Billion 
 

The combined group will have a global presence in over 40 countries, serving around 50 million monthly active users, the companies said.

 
AMD's Guidance Will Be Key for Earnings. Analyst Expects Weak Outlook. 
 

The consensus among analysts is for the chip maker to report March quarter revenue of $7.1 billion with adjusted earnings per share of 94 cents.

 
Ford's First-Quarter Profit Drops 64%; Suspends Outlook 
 

Tariff-related uncertainty led the company to withdraw its profit forecast for the year.

 
OpenAI Abandons Planned For-Profit Conversion 
 

The maker of ChatGPT said it made the decision to remain under the control of a nonprofit organization.

 
CATL Files Initial Prospectus for Hong Kong Listing 
 

The Chinese battery giant has filed a preliminary prospectus with the Hong Kong exchange for a secondary listing, as it seeks to tap enthusiasm surrounding the EV market.

 
Mattel says zero tariffs on toys are better for a child's development, as it plans price increases and halts forecast 
 

Toy-maker Mattel Inc. on Monday said it plans to raise prices in the U.S. "where necessary" on some toys and take steps to rely less on China for production, while pausing its full-year outlook as it tries to get a handle on the impact of the global trade war.

 
Hims & Hers Health Revenue Jumps, But Outlook Disappoints 
 

Hims & Hers Health first-quarter revenue more than doubled as subscribers rose 38%, while its second-quarter sales outlook missed Wall Street's expectations.

 
Nike Switches Up Leadership Team Amid Ongoing Turnaround 
 

Heidi O'Neill will step down as president of consumer, product and brand, and the sportswear company plans to break up her role into three separate positions.

(END) Dow Jones Newswires

May 06, 2025 05:00 ET (09:00 GMT)

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